Credit

The Credit Department is responsible for determining the creditworthiness of the financial institutions that transact business with FHLB Des Moines. These include, but are not limited to, current and prospective members, housing associates, PFIs, counterparties, securities issuers and dealers and vendors. A variety of information is used when performing credit analysis, including regulatory financial reporting, audited financial statements, SEC filings, reports of insured financial institution examinations, rating agencies and more. The results of the analysis are used to determine eligibility for FHLB Des Moines membership or financial limits on activity by individual members or other entities.

Member Credit Capacity Review

Each quarter, members' assigned credit capacities are reviewed utilizing various sources of information. This review process utilizes report of examination findings, financial results and trends, enforcement actions, SEC filings, discussions with member management and/or regulators, and any other relevant material information. Material changes in financial condition, including events that occurred subsequent to the quarterly information used in the analysis, may have an impact on a member’s assigned credit capacity.

Members are generally notified in advance of potential declines in their credit capacity and given the opportunity to provide additional information to be considered in the credit assessment process. A final credit capacity is then assigned for the current quarter that will remain in effect until the next quarterly credit review or upon receipt of new credit-related information, whichever comes first.

Member Credit Information

FHLB Des Moines provides information to assist members in estimating the likelihood that their credit capacity may change. The Quarterly Median Ratios (PDF) report lists the medians based on members' credit capacity for certain financial ratios as of the most recent quarter reviewed. The CAMELS vs Credit Capacity Report (PDF) shows the correlation between a member's CAMELS rating and their FHLB Des Moines credit capacity.

Members can use the information contained in these documents to help assess the likelihood of a change in their credit capacity. Some members find it useful to include the results of their assessment in their institution’s liquidity plan.

Members who are experiencing deterioration in their financial condition and, as a result, a reduction in their FHLB Des Moines credit capacity can request an exception be considered by the Bank to provide greater borrowing capacity. For those with the lowest credit capacity, approval by the primary regulator may also be required. Members should contact their Vice President-Relationship Manager (Opens New Window) if they wish to request an exception.

Hours of Operation

Business hours for the Credit Department are 8:00 AM to 4:30 PM (CT) Monday through Friday (except on holidays). Members with questions or concerns about their credit status should contact our Credit Department.

This site provides links to other websites. FHLB Des Moines is not responsible for the privacy practices or content of these linked sites, and does not endorse, warrant or guarantee the products, services or information described or offered at these linked sites. To remain at the Bank's site, click Cancel. To leave Bank's site for the link you selected, click OK.

You are now being directed to a trusted third party website that is used to assist FHLB Des Moines in maintaining our website, conducting business or servicing our members and the general public. FHLB Des Moines does not endorse or accept responsibility for the actions, policies or privacy practices of these independent sites.

Click OK to proceed to this website for additional details or click CANCEL to return to FHLB Des Moines website.

You are now being directed to the Mortgage Partnership Finance® Program (MPF) website, which is maintained by the Federal Home Loan Bank of Chicago (FHLBC). The MPF Program was developed in 1997 by the FHLBC and is designed to provide access to the secondary mortgage market for small- and mid-sized financial institutions. Currently, six of the FHLBanks participate in the MPF Program, including the Federal Home Loan Bank of Des Moines (FHLB Des Moines).

FHLB Des Moines is not responsible for the privacy practices or content of the MPF website.

Click OK to proceed to the MPF website to learn more about the MPF Program or contact your local FHLBank MPF representative. For a list of MPF representatives, click here.

"Mortgage Partnership Finance," "MPF," "eMPF," and "MPF Xtra" are registered trademarks of the Federal Home Loan Bank of Chicago. The "MPF Mortgage Partnership Finance" logo is trademarked by the Federal Home Loan Bank of Chicago.